Chipmos Technologies Ltd. (IMOS) Releases Earnings Results, Misses Estimates By $0.22 EPS
Chipmos Technologies Ltd. (NASDAQ:IMOS) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.22. Chipmos Technologies had a return on equity of 3.42% and a net margin of 3.30%. The company earned $160.40 million during the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the company posted $0.48 earnings per share.
Chipmos Technologies (NASDAQ:IMOS) opened at 14.80 on Friday. Chipmos Technologies has a 1-year low of $14.00 and a 1-year high of $19.10. The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.
A number of hedge funds have recently added to or reduced their stakes in IMOS. Bank of New York Mellon Corp raised its stake in Chipmos Technologies by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 41,823 shares of the company’s stock worth $757,000 after buying an additional 123 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Chipmos Technologies by 23.2% in the first quarter. JPMorgan Chase & Co. now owns 125,829 shares of the company’s stock worth $2,187,000 after buying an additional 23,691 shares in the last quarter. BlackRock Inc. raised its stake in Chipmos Technologies by 2,556.7% in the first quarter. BlackRock Inc. now owns 18,597 shares of the company’s stock worth $323,000 after buying an additional 17,897 shares in the last quarter. Sensato Investors LLC raised its stake in Chipmos Technologies by 43.6% in the first quarter. Sensato Investors LLC now owns 316,847 shares of the company’s stock worth $5,507,000 after buying an additional 96,218 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Chipmos Technologies by 551.8% in the second quarter. PNC Financial Services Group Inc. now owns 124,366 shares of the company’s stock worth $2,252,000 after buying an additional 105,286 shares in the last quarter. 60.75% of the stock is owned by hedge funds and other institutional investors.
IMOS has been the topic of a number of research reports. Zacks Investment Research raised shares of Chipmos Technologies from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, September 12th. Cowen and Company upped their price target on shares of Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th.
About Chipmos Technologies
ChipMOS TECHNOLOGIES (Bermuda) LTD. is a holding company. The Company is a provider of semiconductor assembly and test services. The Company provides testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan, and for memory and logic/mixed-signal products in Taiwan and Mainland China.
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